2017 Bank Insurance Survey Report

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Where does your bank's coverage stand in terms of insurance carried by your asset-class peers and the industry as a whole? Are you behind, ahead, or in the middle of the pack when it comes to the Financial Institution Bond, Cyber Security, and Directors' and Officers' Liability Coverage?

The 2017 ABA Bank Insurance Survey Report contains more than 90 tables that will provide you with a comprehensive overview of banks' corporate insurance coverage. The data is summarized by different asset size groups ranging from banks with less than $250 million to those with more than $50 billion in assets.

The policies with the largest proportion of survey respondents anticipating premium increases were Cyber Security/Privacy, Workers Compensation, Trust Department Errors and Omissions, and Excess of Bond.

The estimated premiums for FIB for the next renewal is expected to increase 12.1 percent for small community banks and 6.6 percent for large banks due to organic growth.